The Big Story: A pay rise recommendation from NWC - But will it really make a difference?

Next year, Singapore’s lower-wage workers could be taking home a little more. The National Wages Council is recommending a pay rise of up to 7.5%. But how much difference will it really make?  And can businesses keep up amid a slowing global economy? On The Big Story, Hongbin Jeong speaks to Dr Ong Ee Cheng, senior lecturer at the department of economics at the National University of Singapore, to find out more. See omnystudio.com/listener for privacy information.